700 S 3rd St, Renton, WA 98057

NNN Retail · Renton · Seattle-Bellevue metro, WA

Imagery suggests: urban street-front retail with upper floor, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 324 reachable nnn retail buildings in Renton. Larger than 91% of nnn retail buildings in Renton (median 5,840 SF), derived from assessor records.

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Building size: 36,490 SF, King County Assessor
Lot size: 11,500 SF, King County Assessor
Year built: 1955, King County Assessor
Stories: 3, King County Assessor
Predominant use: American Drapery, King County Assessor
Assessed value: $3,421,600, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $93.77/SF, derived from assessor records
Lot coverage: 317%, derived from assessor records
Vintage: 1950s vintage
Zoning: CD, King County
County use code: Retail Store
Parking (observed): street only, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

808 S 3rd St, Renton · 0 mi · 3,600 SF · built 1927 · assessed $220.89/SF
715 S 3rd St, Renton · 0 mi · 11,160 SF · built 1928 · assessed $238.69/SF
241 Williams Ave S, Renton · 0 mi · 15,984 SF · built 1954 · assessed $168.98/SF
824 S 3rd St, Renton · 0 mi · 11,280 SF · built 1910 · assessed $106.47/SF
800 S 3rd St, Renton · 0.1 mi · 6,732 SF · built 1910 · assessed $198.72/SF
617 S 3rd St, Renton · 0.1 mi · 9,336 SF · built 1942 · assessed $227.54/SF

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Sale history and market context

MakeMe Estimate: $3,866,130 (estimated market value), with a likely range of $2,833,459 to $4,521,511 (half of recent verified sales in this segment landed inside that range). Based on 38 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

Last sold: 2006-10-27 for $2,800,000 (recorded arm's-length sale).

Current ownership dates to 2017 (about 9 years) per recorded transfers.

2017-07-24: $1,850,000 from 700 S Third Associates LLC to Penney Lofts LLC, rec.

2006-10-27: $2,800,000 from Gavin Real Estate LLC to 700 S Third Associates LLC, rec. 20061102001457

2001-01-31: transfer from Private party to Gavin Real Estate LLC (non-market transfer), rec. 20010313001674

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $2,706,097 (2022) to $3,421,600 (2026), up 26% over 4 years, per county tax rolls. The 2026 roll splits $3,421,600 into $0 land and $3,421,600 improvements.

Zoning: CD (per King County)

Lot: 11,500 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 13,490 SF; Basement, Storage 11,500 SF; Retail Store 11,500 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2022-05-25: Sign, declared value $4,800 (Complete), permit S22002517

2022-02-23: Other, declared value $6,700 (Complete), permit M22000918

2021-12-16: Other, declared value $2,000 (Complete), permit M21006038

2021-12-15: Other, declared value $4,000 (Complete), permit M21006013

2021-12-15: Electrical, declared value $1,500 (Complete), permit E21006012

2021-09-27: Other, declared value $4,999 (Complete), permit M21004637

2021-09-21: Other, declared value $4,999 (Complete), permit M21004575

2021-08-26: Plumbing, declared value $2,500 (Complete), permit P21004155

2021-08-13: Remodel, declared value $85,000 (Complete), permit B21003419

2021-07-23: Plumbing, declared value $10,000 (Complete), permit P21003530

Source: King County permit records (newest first).